Kindred posts strong first quarter results for 2017

Updating the market, Kindred Group Plc posted a strong start to 2017 as the company benefits from record high numbers in active customers and Gross winnings revenue. Despite a low sports betting margin over the first quarter of 2017, gross winnings revenue rose by 25% to £153.2m, with active customers reaching a record high of 1.2 million. Underlying EBITDA for the first quarter was £30.3m, whilst profit before tax amounted to £18.2m. The ...